Bots Inc (BTZI)

[CashBowski]

Can anyone answer these:

1. MCIG is now a construction company?
Yes

2. Do they own the Solaris Greenhouse?

No. This contract is with Scalable Solutions and although MCIG is stated to own 80% of Scalable, they will likely eventually only own 40% of the company (see below). Moreover, the contract has not been submitted in an 8-k as confirmation of material impact, and it's vastly different from the Greenleaf PR where it was clearly noted that it's a construction deal. Also, there's no indication that the $3.5mil is slated directly for Scalable. So my question is, is it construction or consulting...and as of today there's no 8-K to confirm or clarify one way or another, therefore open to interpretation, which unfortunately has become one of many negative attributes of failure to follow proper regulatory conduct by MCIG...

HENDERSON, NV--(Marketwired - Oct 6, 2016) - Scalable Solutions Inc., a subsidiary of mCig, Inc. (MCIG), the emerging leader in Marijuana Cultivation construction, announces it has entered into an agreement to manage the phase 1 construction of a 24,000 sq. ft. high tech desert greenhouse and a 10,000 sq. ft. production facility in North Las Vegas, Nevada with Solaris. The project has an expected completion date of July 2017 and has a fully funded phase 1 budget of $3,500,000.

Scalable Solutions, Inc., has received $100,000 from Solaris in the form of a non-refundable deposit to begin this project. This facility is completely state of the art and a testament of Scalable Solutions progressive designs & execution. The desert facility is fully automated with the most advanced and efficient agricultural technology available for cultivators in the cannabis space. Scalable Solutions will oversee the construction from start to finish.

Here's the deal with Scalable Solutions (Zoha Development) and MCIG:

The Company (MCIG) entered into various agreements with Zoha Development, LLC in the management and ownership of Scalable Solutions, LLC. The principal owner of Zoha Development, LLC is Ronald Sassano, Scalable CEO and Board member. Zoha Development, LLC owns 20% of Scalable Solutions, Inc., and has an option to acquire 40% additional membership units of Scalable Solutions, LLC.

Scalable Solutions, LLC was organized by the Company on March 6, 2016, provides construction services in the cultivation and grow industry. Scalable began operations in December 2015, but was not officially incorporated until March 2016. The Company owns 80% of Scalable. Zoha Development, LLC maintains an option to acquire 40% of Scalable for a nominal fee.

Here's the overview of Scalable Solutions:

About Scalable Solutions, Inc.

Headquartered in Henderson, Nevada, Scalable Solutions, Inc., is dedicated to servicing the Cannabis industry as a leading large scale Cannabis cultivation construction company and consultant. The company provides full planning, design, construction, equipment, and consulting services for large scale grows, modular Growpod technology for warehouse conversions, and a line of home grow units to fully capture all aspects of Cannabis growers' needs.


3. Is the Solaris Greenhouse operational yet?

No. Planning stage.


4. How many greenhouses do they own, any in California?

MCIG does not own any green houses in California, or elsewhere. They are strictly a construction Co., with no connection to the leaf, or direct ownership of any facilities, or any MME licenses.


5. The Vitacig deal is pretty confusing, so, does Omni own it now, and MCIG owns shares of OMNI?

In a nutshell -- MCIG sold the VTCQ shell in a reverse merger to Malecone pharmacy in Florida. MCIG took back the vitacig line in the deal. The recent PR about "Acquiring shares"... is misleading once again since technically they converted $95k in convertible debt to common stock that was owed by VTCQ (now OMHE). As a result of the share exchange agreement when they sold the VTCQ shell, plus the recent conversion -- they now own 75mil shares of OMHE. MCIG has nominal working capital and would likely need to sell at least some of those shares to avoid diluting shares here to compensate executives. Or, they could keep it intact and continue to dilute shares here.

On a seperate note, MCIG execs are awarded with over $40,000 per month in executive compensation with convertible debt provisions attached to bypass rule 144 restrictions, hence why you won't find any Form 4 filings to account for millions of shares that was dumped by Paul, Hawkins and Sassano on backs of shareholders in the past year. This is in addition to other operational expenses, and any other employee and consultant stock based compensation, which I strongly believe this is where the paid pumps are veiled to bypass 17b disclosure rules.

With that said, I've mentioned on several ocassions that if you keep things in perspective, there's no reason you couldn't profit from the recent moves in the sector -- when the sector is hot, then why leave $$$ on the table when we could be riding along...but the key is to know when to get off the ride.

Myself and my fellow mods (Cashbyers, Perfectson, Pitadog), along with other folks like MD-420, Bubba, and New-old-School who have all been here for a long time -- and have been trying to offer honest insight into fundamentals and price action. We've also seen all the trickery; from the compensated PnD crew that come along every so often, to the tall tales from our spinster in chief. The misinformation is ramped to get folks to hold, which if you read the posts in the last couple of days you'll notice the frustration from those that are stuck.

So take it for what it's worth... We're all in this to make money -- minimize losses while maximizing gains. Personally speaking, I'd rather not see a repeat of 2014 that led to so many losses that will only be a black eye on the sector and hinder any future momentum. So, If I was interested in MCIG as a long term investment, imo I'd be looking for a more realistic valuation (Cashbyers and MD-420 have been offering good insight with prices).

I also highly recommend reading the Seeking Alpha piece...

http://seekingalpha.com/article/4008209-mcig-update-high-dry

You have to have a open mind when it comes to investing your hard earned cash in penny stocks because the BS runs deep in these waters with shady execs and carefully worded PR's -- so regardless of the short bias, which is used here as an excuse to overlook the real issues that were highlighted, this article for the most part is quite accurate in content.

I've provided a good start, and hope this helps -- but do read through all the filings, and in particular their financial statements is a more accurate reflection of their current status. No one here with any certainty can tell you that you will win or lose, and you have to use your own best judgment.

Good luck.